10-Q Filing

ESSENTIAL PROPERTIES REALTY TRUST, INC. CIK: 1728951 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-030248`
Period End Date	20190630
Filing Date	20190808
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	eprt-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 97 Cash Flow Statement 108 Stockholders Equity 41 Comprehensive Income 27

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Land and improvements	`LandAndImprovements`	$502.56M	USD	Point-in-time
Land and improvements	`LandAndImprovements`	$420.85M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$885.66M	USD	Point-in-time
Building and improvements	`BuildingAndImprovements`	$1.04B	USD	Point-in-time
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Lease incentives	`LeaseIncentiveReceivable`	$2.79M	USD	Point-in-time
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Lease incentives	`LeaseIncentiveReceivable`	$4.79M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.32M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$7.08M	USD	Point-in-time
Preferred shares, authorized shares	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Preferred shares, authorized shares	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$66.42M	USD	Point-in-time
Intangible lease assets	`FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale`	$74.08M	USD	Point-in-time
Preferred shares, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$1.38B	USD	Point-in-time
Total real estate investments, at cost	`RealEstateInvestmentsAtCost`	$1.63B	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$51.85M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$36.31M	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization`	$69.01M	USD	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.33B	USD	Point-in-time
Total real estate investments, net	`RealEstateInvestmentsNet`	$1.56B	USD	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$17.50M	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	43.75M	shares	Point-in-time
Loans and direct financing lease receivables, net	`LoansReceivableNet`	$30.66M	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	57.83M	shares	Point-in-time
Real estate investments held for sale, net	`RealEstateInvestmentsHeldForSaleNet`	$2.47M	USD	Point-in-time
Real estate investments held for sale, net	`RealEstateInvestmentsHeldForSaleNet`	-	USD	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	57.83M	shares	Point-in-time
Common shares, outstanding shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.16B	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.34B	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$16.92M	USD	Point-in-time
Net investments	`NetInvestmentsInRealEstateRelatedAssets`	$1.59B	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$7.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.39M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$14.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$10.13M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$8.64M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$19.61M	USD	Point-in-time
Straight-line rent receivable, net	`StraightLineRentReceivableNet`	$14.26M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$7.71M	USD	Point-in-time
Prepaid expenses and other assets, net	`PrepaidExpenseAndOtherAssets`	$14.52M	USD	Point-in-time
Total assets	`Assets`	$1.64B	USD	Point-in-time
Total assets	`Assets`	$1.38B	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$506.12M	USD	Point-in-time
Secured borrowings, net of deferred financing costs	`SecuredBorrowingsNetOfDeferredFinancingCosts`	$306.55M	USD	Point-in-time
Unsecured term loan, net of deferred financing costs	`UnsecuredDebt`	$199.10M	USD	Point-in-time
Unsecured term loan, net of deferred financing costs	`UnsecuredDebt`	-	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$34.00M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$67.00M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$9.78M	USD	Point-in-time
Intangible lease liabilities, net	`BelowMarketLeaseNet`	$11.62M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$16.92M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$4.94M	USD	Point-in-time
Accrued liabilities and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$13.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$612.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$569.86M	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of June 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 150,000,000 authorized; none issued and outstanding as of June 30, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 57,825,460 and 43,749,092 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$578.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 authorized; 57,825,460 and 43,749,092 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$431.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$569.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$806.38M	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-7.66M	USD	Point-in-time
Distributions in excess of cumulative earnings	`RetainedEarningsAccumulatedDeficit`	$-18.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.91M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$562.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$785.59M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$248.86M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$244.92M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$784.44M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$232.75M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.38B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time

Income Statement 97 line items

Line Item	Tag	Value	Unit	Period
Interest expense related parties	`InterestExpenseRelatedParty`	$2.52M	USD	1 Quarter
Interest expense related parties	`InterestExpenseRelatedParty`	-	USD	2 Qtrs
Interest expense related parties	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related parties	`InterestExpenseRelatedParty`	$4.60M	USD	2 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$32.11M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$41.65M	USD	2 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$21.55M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$62.88M	USD	2 Qtrs
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$159.00K	USD	2 Qtrs
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$729.00K	USD	2 Qtrs
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$89.00K	USD	1 Quarter
Interest on loans and direct financing lease receivables	`InterestIncomeOnLoansAndDirectFinancingLeaseReceivables`	$403.00K	USD	1 Quarter
Other revenue, net	`OtherIncome`	$25.00K	USD	2 Qtrs
Other revenue, net	`OtherIncome`	$22.00K	USD	1 Quarter
Other revenue, net	`OtherIncome`	$248.00K	USD	2 Qtrs
Other revenue, net	`OtherIncome`	$241.00K	USD	1 Quarter
Total revenues	`Revenues`	$32.76M	USD	1 Quarter
Total revenues	`Revenues`	$63.86M	USD	2 Qtrs
Total revenues	`Revenues`	$41.83M	USD	2 Qtrs
Total revenues	`Revenues`	$21.66M	USD	1 Quarter
Interest (including $2,524 and $4,603 to related parties during the three and six months ended June 30, 2018)	`InterestExpense`	$16.91M	USD	2 Qtrs
Interest (including $2,524 and $4,603 to related parties during the three and six months ended June 30, 2018)	`InterestExpense`	$5.78M	USD	1 Quarter
Interest (including $2,524 and $4,603 to related parties during the three and six months ended June 30, 2018)	`InterestExpense`	$12.87M	USD	2 Qtrs
Interest (including $2,524 and $4,603 to related parties during the three and six months ended June 30, 2018)	`InterestExpense`	$8.63M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.99M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.74M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.34M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.93M	USD	2 Qtrs
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$1.89M	USD	2 Qtrs
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$727.00K	USD	2 Qtrs
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$645.00K	USD	1 Quarter
Property expenses	`CostOfPropertyRepairsAndMaintenance`	$380.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.08M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.23M	USD	2 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$907.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$481.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.92M	USD	2 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$2.76M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$40.82M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$20.52M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$44.83M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$21.75M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$4.15M	USD	2 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$3.47M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$3.65M	USD	2 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.41M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$23.18M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.66M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$14.48M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.56M	USD	1 Quarter
Loss on repurchase of secured borrowings	`GainLossOnRepurchaseOfDebtInstrument`	$-4.35M	USD	1 Quarter
Loss on repurchase of secured borrowings	`GainLossOnRepurchaseOfDebtInstrument`	$-4.35M	USD	2 Qtrs
Interest	`InterestIncomeOther`	$518.00K	USD	1 Quarter
Interest	`InterestIncomeOther`	$28.00K	USD	1 Quarter
Interest	`InterestIncomeOther`	$64.00K	USD	2 Qtrs
Interest	`InterestIncomeOther`	$609.00K	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.65M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.44M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.59M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.72M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$117.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$76.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$143.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$87.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income	`ProfitLoss`	$4.61M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.57M	USD	1 Quarter
Net income	`ProfitLoss`	$19.29M	USD	2 Qtrs
Net income	`ProfitLoss`	$321.00K	USD	Point-in-time
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income	`ProfitLoss`	$3.50M	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.21M	USD	2 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.00K	USD	2 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.00K	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.62M	USD	1 Quarter
Net income attributable to stockholders and members	`NetIncomeLoss`	$14.08M	USD	2 Qtrs
Net income attributable to stockholders and members	`NetIncomeLoss`	$4.51M	USD	2 Qtrs
Net income attributable to stockholders and members	`NetIncomeLoss`	$7.95M	USD	1 Quarter
Net income attributable to stockholders and members	`NetIncomeLoss`	$3.40M	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	40.29M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	57.10M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	51.20M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	40.98M	shares	Point-in-time
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	40.29M	shares	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.01	USD	Point-in-time
Basic net income per share	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.27	USD	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.34M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.03M	shares	Point-in-time
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.69M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.67M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.34M	shares	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.01	USD	Point-in-time
Diluted net income per share	`EarningsPerShareDiluted`	$0.27	USD	2 Qtrs

Cash Flow Statement 108 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income	`ProfitLoss`	$4.61M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.57M	USD	1 Quarter
Net income	`ProfitLoss`	$19.29M	USD	2 Qtrs
Net income	`ProfitLoss`	$321.00K	USD	Point-in-time
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income	`ProfitLoss`	$3.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.08M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.23M	USD	2 Qtrs
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$77.00K	USD	2 Qtrs
Amortization of lease incentive	`AmortizationOfLeaseIncentives`	$132.00K	USD	2 Qtrs
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$309.00K	USD	2 Qtrs
Amortization of above/below market leases and right of use assets, net	`AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet`	$130.00K	USD	2 Qtrs
Amortization of deferred financing costs and other assets	`AmortizationOfDeferredFinancingCostsAndOtherAssets`	$1.17M	USD	2 Qtrs
Amortization of deferred financing costs and other assets	`AmortizationOfDeferredFinancingCostsAndOtherAssets`	$1.53M	USD	2 Qtrs
Loss on repurchase of secured borrowings	`GainLossOnRepurchaseOfDebtInstrument`	$-4.35M	USD	1 Quarter
Loss on repurchase of secured borrowings	`GainLossOnRepurchaseOfDebtInstrument`	$-4.35M	USD	2 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$907.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$481.00K	USD	1 Quarter
Provision for impairment of real estate	`AssetImpairmentCharges`	$1.92M	USD	2 Qtrs
Provision for impairment of real estate	`AssetImpairmentCharges`	$2.76M	USD	2 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$4.15M	USD	2 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$3.47M	USD	1 Quarter
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$3.65M	USD	2 Qtrs
Gain on dispositions of real estate, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.41M	USD	1 Quarter
Straight-line rent receivable	`StraightLineRent`	$5.90M	USD	2 Qtrs
Straight-line rent receivable	`StraightLineRent`	$3.52M	USD	2 Qtrs
Equity-based compensation expense	`EquityBasedCompensation`	$2.47M	USD	2 Qtrs
Equity-based compensation expense	`EquityBasedCompensation`	$347.00K	USD	2 Qtrs
Adjustment to rental revenue for tenant credit/allowance for doubtful accounts	`AdjustmentToRentalRevenueForTenantCreditAllowanceForDoubtfulAccounts`	$130.00K	USD	2 Qtrs
Adjustment to rental revenue for tenant credit/allowance for doubtful accounts	`AdjustmentToRentalRevenueForTenantCreditAllowanceForDoubtfulAccounts`	$25.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.02M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.04M	USD	2 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-339.00K	USD	2 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.57M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.57M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.84M	USD	2 Qtrs
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$21.50M	USD	2 Qtrs
Proceeds from sales of investments, net	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$32.23M	USD	2 Qtrs
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$4.66M	USD	2 Qtrs
Principal collections on loans and direct financing lease receivables	`ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables`	$35.00K	USD	2 Qtrs
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$3.63M	USD	2 Qtrs
Investments in loans receivable	`PaymentsToAcquireLoansReceivable`	$23.57M	USD	2 Qtrs
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-285.00K	USD	2 Qtrs
Deposits for prospective real estate investments	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-1.62M	USD	2 Qtrs
Investment in real estate, including capital expenditures	`PaymentsToAcquireRealEstateHeldForInvestment`	$272.36M	USD	2 Qtrs
Investment in real estate, including capital expenditures	`PaymentsToAcquireRealEstateHeldForInvestment`	$266.58M	USD	2 Qtrs
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$8.75M	USD	2 Qtrs
Investment in construction in progress	`PaymentsForInvestmentInConstructionInProgress`	$5.75M	USD	2 Qtrs
Lease incentives paid	`PaymentsForLeaseIncentives`	$2.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-257.14M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-265.18M	USD	2 Qtrs
Proceeds from issuance of notes payable to related parties	`ProceedsFromNotesPayableToRelatedParties`	$154.00M	USD	2 Qtrs
Payments of principal on notes payable to related parties	`RepaymentsOfNotesPayableToRelatedParties`	$384.00M	USD	2 Qtrs
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$3.95M	USD	2 Qtrs
Repayments of secured borrowings	`RepaymentsOfSecuredDebt`	$3.96M	USD	2 Qtrs
Repurchase of secured borrowings	`RepaymentsOfNotesPayable`	$201.40M	USD	2 Qtrs
Principal received on repurchased secured borrowings	`PrincipalReceivedOnRepurchasedSecuredBorrowings`	$564.00K	USD	2 Qtrs
Borrowings under term loan facility	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	2 Qtrs
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$119.00M	USD	2 Qtrs
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$86.00M	USD	2 Qtrs
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$2.47M	USD	2 Qtrs
Deferred financing costs	`PaymentsForProceedsFromDebtIssuanceCostsAndRefunds`	$3.28M	USD	2 Qtrs
Capital contributions by members in Predecessor	`ContributionsFromMembersInPredecessor`	$50.00M	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$235.70M	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$427.70M	USD	2 Qtrs
Offering costs	`PaymentsOfStockIssuanceCosts`	$1.07M	USD	2 Qtrs
Offering costs	`PaymentsOfStockIssuanceCosts`	$1.29M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$29.33M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$231.04M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$364.17M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.71M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$120.60M	USD	2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.03M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.94M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.03M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.94M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$10.13M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$12.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$8.64M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$140.03M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.24M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.94M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.43M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$16.26M	USD	2 Qtrs
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$14.27M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$27.00K	USD	2 Qtrs
Reclassification from construction in progress upon project completion	`ReclassificationFromConstructionInProgressUponProjectCompletion`	$1.57M	USD	2 Qtrs
Net settlement of proceeds on the purchase and sale of investments	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$4.96M	USD	2 Qtrs
Non-cash investments in real estate and loan receivable activity	`TransferToInvestments`	$5.75M	USD	2 Qtrs
Lease liabilities arising from the recognition of right of use assets	`NonCashLeaseLiabilitiesArisingFromRecognitionOfRightOfUseAssets`	$4.82M	USD	2 Qtrs
Unrealized losses on cash flow hedges	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$3.87M	USD	2 Qtrs
Contribution of Predecessor equity in exchange for OP Units	`NoncashContributionOfPredecessorEquityInExchangeForOperatingPartnershipUnits`	$126.13M	USD	2 Qtrs
Payable and accrued offering costs	`NonCashPayableAndAccruedFollowOnOfferingCosts`	$3.47M	USD	2 Qtrs
Underwriters discount on capital raised through issuance of common stock	`UnderwritersDiscountOnCapitalRaisedThroughIssuanceOfCommonStock`	$27.30M	USD	2 Qtrs
Underwriters discount on capital raised through issuance of common stock	`UnderwritersDiscountOnCapitalRaisedThroughIssuanceOfCommonStock`	$9.82M	USD	2 Qtrs
Payable and accrued deferred financing costs	`NoncashPayableAndAccruedDeferredFinancingCosts`	$261.00K	USD	2 Qtrs
Dividends declared	`DividendsPayableCurrentAndNoncurrent`	$13.19M	USD	Point-in-time
Dividends declared	`DividendsPayableCurrentAndNoncurrent`	$16.92M	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$784.44M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$232.75M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	57.83M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time
Initial public offering/common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$455.00M	USD	Point-in-time
Initial public offering/common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$245.53M	USD	1 Quarter
Concurrent private placement of common stock	`PrivatePlacement`	$109.00M	USD	Point-in-time
Concurrent private placement of OP Units	`ConcurrentPrivatePlacementOfOPUnits`	$16.00M	USD	Point-in-time
Costs related to issuance of common stock/initial public offering	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$10.89M	USD	1 Quarter
Costs related to issuance of common stock/initial public offering	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$32.05M	USD	Point-in-time
Unrealized losses on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$3.77M	USD	1 Quarter
Cash flow hedge gains reclassified to interest expense	`InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet`	$-99.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.03M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$46.00K	USD	Point-in-time
Contributions	`CapitalAccountContributions`	$50.00M	USD	1 Quarter
Unit-based compensation expense	`MembersAccountUnitBasedCompensation`	$216.00K	USD	1 Quarter
Unit-based compensation expense	`MembersAccountUnitBasedCompensation`	$242.00K	USD	1 Quarter
Unit-based compensation expense	`MembersAccountUnitBasedCompensation`	$227.00K	USD	1 Quarter
Unit-based compensation expense	`MembersAccountUnitBasedCompensation`	$201.00K	USD	1 Quarter
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$16.92M	USD	1 Quarter
Dividends declared on common stock and OP Units	`DividendsDeclaredOnCommonStockAndOperatingPartnersUnits`	$16.14M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income	`ProfitLoss`	$4.61M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.57M	USD	1 Quarter
Net income	`ProfitLoss`	$19.29M	USD	2 Qtrs
Net income	`ProfitLoss`	$321.00K	USD	Point-in-time
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income	`ProfitLoss`	$3.50M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$811.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$181.40M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$784.44M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$232.75M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	57.83M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.75M	shares	Point-in-time

Comprehensive Income 27 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income	`ProfitLoss`	$4.61M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.57M	USD	1 Quarter
Net income	`ProfitLoss`	$19.29M	USD	2 Qtrs
Net income	`ProfitLoss`	$321.00K	USD	Point-in-time
Net income	`ProfitLoss`	$8.72M	USD	1 Quarter
Net income	`ProfitLoss`	$3.50M	USD	1 Quarter
Unrealized loss on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-3.77M	USD	2 Qtrs
Unrealized loss on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-3.77M	USD	1 Quarter
Cash flow hedge gains reclassified to interest expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$99.00K	USD	2 Qtrs
Cash flow hedge gains reclassified to interest expense	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$99.00K	USD	1 Quarter
Total other comprehensive loss:	`OtherComprehensiveIncomeLossNetOfTax`	$-3.87M	USD	1 Quarter
Total other comprehensive loss:	`OtherComprehensiveIncomeLossNetOfTax`	$-3.87M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.61M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$15.42M	USD	2 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.21M	USD	2 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.00K	USD	2 Qtrs
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$99.00K	USD	1 Quarter
Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.62M	USD	1 Quarter
Adjustment for cash flow hedge losses attributable to non-controlling interests	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest`	$-960.00K	USD	2 Qtrs
Adjustment for cash flow hedge losses attributable to non-controlling interests	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest`	$-960.00K	USD	1 Quarter
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$4.51M	USD	2 Qtrs
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$3.40M	USD	1 Quarter
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$11.17M	USD	2 Qtrs
Comprehensive income attributable to stockholders and members	`ComprehensiveIncomeNetOfTax`	$5.04M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.